Altex Industries Inc
Altex Industries, Inc., through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company also engages in drilling of exploratory and development wells and recompletions of existing wells business. Altex Industries, Inc. was incorporated in 1985 and is based in Denver, Colorado.
Altex Industries Inc (ALTX) - Total Assets
Latest total assets as of December 2025: $2.70 Million USD
Based on the latest financial reports, Altex Industries Inc (ALTX) holds total assets worth $2.70 Million USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Altex Industries Inc - Total Assets Trend (1996–2025)
This chart illustrates how Altex Industries Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Altex Industries Inc - Asset Composition Analysis
Current Asset Composition (September 2025)
Altex Industries Inc's total assets of $2.70 Million consist of 93.6% current assets and 6.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 92.7% |
| Accounts Receivable | $1.00K | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1996–2025)
This chart illustrates how Altex Industries Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Altex Industries Inc's current assets represent 93.6% of total assets in 2025, an increase from 82.2% in 1996.
- Cash Position: Cash and equivalents constituted 92.7% of total assets in 2025, up from 72.6% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1996.
- Asset Diversification: The largest asset category is accounts receivable at 0.0% of total assets.
Altex Industries Inc Competitors by Total Assets
Key competitors of Altex Industries Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Altex Industries Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Altex Industries Inc generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Altex Industries Inc is currently not profitable relative to its asset base.
Altex Industries Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.00 | 2.11 | 1.88 |
| Quick Ratio | 2.00 | 2.11 | 1.88 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.26 Million | $ 1.39 Million | $ 974.00K |
Altex Industries Inc - Advanced Valuation Insights
This section examines the relationship between Altex Industries Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.00 |
| Latest Market Cap to Assets Ratio | 0.39 |
| Asset Growth Rate (YoY) | 0.7% |
| Total Assets | $2.75 Million |
| Market Capitalization | $1.08 Million USD |
Valuation Analysis
Below Book Valuation: The market values Altex Industries Inc's assets below their book value (0.39 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Altex Industries Inc's assets grew by 0.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Altex Industries Inc (1996–2025)
The table below shows the annual total assets of Altex Industries Inc from 1996 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-09-30 | $2.75 Million | +0.70% |
| 2024-09-30 | $2.73 Million | +16.80% |
| 2023-09-30 | $2.33 Million | -6.30% |
| 2022-09-30 | $2.49 Million | +13.28% |
| 2021-09-30 | $2.20 Million | -5.58% |
| 2020-09-30 | $2.33 Million | -0.64% |
| 2019-09-30 | $2.34 Million | -1.88% |
| 2018-09-30 | $2.39 Million | -3.47% |
| 2017-09-30 | $2.48 Million | -5.46% |
| 2016-09-30 | $2.62 Million | -5.76% |
| 2015-09-30 | $2.78 Million | -4.04% |
| 2014-09-30 | $2.90 Million | -3.60% |
| 2013-09-30 | $3.00 Million | -2.88% |
| 2012-09-30 | $3.09 Million | -7.73% |
| 2011-09-30 | $3.35 Million | -7.38% |
| 2010-09-30 | $3.62 Million | -9.19% |
| 2009-09-30 | $3.98 Million | -7.71% |
| 2008-09-30 | $4.32 Million | -7.74% |
| 2007-09-30 | $4.68 Million | -10.43% |
| 2006-09-30 | $5.22 Million | +108.13% |
| 2005-09-30 | $2.51 Million | +7.59% |
| 2004-09-30 | $2.33 Million | +1.17% |
| 2003-09-30 | $2.31 Million | +0.39% |
| 2002-09-30 | $2.30 Million | -12.40% |
| 2001-09-30 | $2.62 Million | +31.89% |
| 2000-09-30 | $1.99 Million | +6.31% |
| 1999-09-30 | $1.87 Million | -8.06% |
| 1998-09-30 | $2.03 Million | -1.36% |
| 1997-09-30 | $2.06 Million | +19.33% |
| 1996-09-30 | $1.73 Million | -- |